Peter Lim's RM10b project gets Iskandar nod

Peter Lim's RM10b project gets Iskandar nod Project centres on medical hub run by Thomson Medical Centre By Teo Si Jia VANTAGE Bay, an integrated development in Johor Baru that will cost RM10 billion (S$4 billion) in its entirety, has received the nod of approval from the Iskandar Regional Development Authority. The project is a joint venture between the Johor royal family and Singaporean businessman Peter Lim, and centres on a medical hub to be operated by Thomson Medical Centre. Mr Lim, a 70 per cent stakeholder in the development, bought out the medical group in 2010. Spanning 10 ha, the waterfront project is a gated city with its own medical campus, residential apartments, hotels, convention centres, shopping malls and commercial offices, and will be fully completed in 10 years. Thomson Specialist Hospital, a 300-bed tertiary hospital within the medical hub, will be su...